ZIP 22602 - 860Z200US22602 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 22602, located in the Winchester area of Virginia, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 32,000 and a robust median household income, this area presents a blend of suburban stability and growth potential. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into population, income, housing costs, and diversity will help you make informed decisions about ZIP 22602.

Population & Households

ZIP 22602 is home to 32,176 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 11,319 households, reflecting a mix of family and individual living arrangements. With 11,716 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for rental opportunities. This balance suggests a stable housing market with room for growth, appealing to those seeking a community that’s neither overcrowded nor underpopulated.

Income & Housing Costs

The median household income in ZIP 22602 stands at $99,534, a figure that signals a relatively affluent community with strong earning potential. This income level supports a comfortable lifestyle and indicates purchasing power for local businesses. On the housing front, the median home value is $351,400, positioning this area as a mid-to-upper range market for homebuyers and investors. For renters, the median monthly rent is $1,367, which aligns with the area’s income levels and suggests a viable rental market for property owners. These metrics highlight ZIP 22602 as a financially stable area with opportunities for both homeownership and leasing.

Race & Ethnicity

The demographic makeup of ZIP 22602 reflects a predominantly white population at 79.34%, with smaller but notable representation from other groups. Hispanic or Latino residents account for 11.95% of the population, while Black or African American individuals make up 3.19%, and Asian residents comprise 1.65%. This diversity, though not as pronounced as in urban centers, adds a layer of cultural richness to the community. For businesses and investors, understanding this composition can help tailor services, marketing, or property developments to meet the needs of a varied but primarily white demographic.

Key Facts

• Total population in ZIP 22602: 32,176 residents in 2023.
• Total households: 11,319, indicating a strong residential foundation.
• Total housing units: 11,716, with a small surplus over occupied homes.
• Median household income: $99,534, reflecting economic stability.
• Median home value: $351,400, a competitive price point for the region.
• Median rent: $1,367 per month, supporting a healthy rental market.
• Racial composition: 79.34% white, 11.95% Hispanic, 3.19% Black, 1.65% Asian.

What This Means for You

For homebuyers, ZIP 22602 offers a financially secure community with median home values at $351,400, ideal for those seeking a suburban setting with access to higher-income neighbors. The slight surplus of housing units suggests you might find available properties, but act quickly as demand could rise with the area’s appealing income levels. Investors and real estate agents will find a promising rental market with median rents at $1,367, paired with a stable population base for long-term tenancy. The income data also supports potential for higher-end property developments. Small-business owners can leverage the $99,534 median income to target a consumer base with disposable income, while the diversity (notably 11.95% Hispanic) offers a chance to cater to niche markets. Analysts can use these metrics to benchmark ZIP 22602 against nearby areas, identifying trends in housing availability and demographic shifts for deeper studies.

Run This Study Yourself

Want to dive deeper into ZIP 22602 or compare it with another area? Follow these steps to uncover tailored insights:

• Visit ZipcodeGPT to access a powerful tool for demographic and housing analysis.
• Enter any ZIP code to generate a detailed report with the latest data.
• Use the insights to inform your homebuying, investment, or business strategy with confidence.